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PE-backed grocery retailers intensify rivalry

Jaya Grocer and Village Grocer “have intensified their rivalry and expanded aggressively over the past couple of years in order to capture a bigger slice of the retail pie”.

RM366,000 meant for money changer mysteriously ended up in Zahid's proxy account

T Rajan, who took the stand as a prosecution witness in Zahid’s RM6 million graft trial today, said the cheques were issued by him to his money changer, to be cashed into Australian currency that he was going to use to buy a property for his daughter in Australia. He subsequently received around A$90,000 from the money changer.